Connext Upgrades Token System, Optimizes Voting Binding Mechanism, and Promotes Ecosystem Incentives
Publication Time:2024-08-14 11:12:06
Cross-chain protocol Connext recently announced an important plan to upgrade its current NEXT token system to a new version called CLEAR, along with improvements to the voting binding system. This initiative aims directly at addressing the incentive introduction issues faced by Solver and Intent protocols, while providing blockchain and asset issuers with a permissionless way to incentivize liquidity into their specific ecosystems. Compared to other protocols in the market, Connext's Everclear ecosystem effectively resolves the problem of uneven incentive distribution by aligning rewards with intention settlement and maintaining liquidity depth, thus avoiding the scenario where a single entity monopolizes rewards. This move not only enhances the overall vitality and fairness of the ecosystem but also provides users and developers with more stable and transparent incentive mechanisms.
Connext
CLEAR
Token System Upgrade
Voting Binding
Ecosystem Incentives